HOW IT WORKS
The corporate raider requires a takeover vehicle to launch a hostile takeover. The takeover vehicle is usually another corporation controlled by the raider, although in recent years ESOPs have been used (e.g., Tribune Corp., 2007). The vehicle buys up a lot of shares of the target company's stock on the market, then announces it wants to acquire a controlling interest.

Management opposes the takeover bid. It can (a) challenge the legality of the takeover, (b) adopt a charter that makes it hard for the takeover vehicle to run the company it's proposing to buy (a poison pill), (c) seek another buyer that is more favorable (a white knight), or (d) borrow a ton of money and buy so many shares that the stock price goes up.

The raider makes a tender offer for the shares he doesn't own. At a certain point, he may acquire sufficient control that he can legally challenge the target's management to step down.

WHAT CAN GO WRONG
The management can use (a) or (b) successfully, or it can use (e), viz., launch a hostile takeover bid of the target vehicle. The raider can lose of lot of money if a lot of shareholders have accepted his tender offer.

Prior to 1980, the hostile takeover was unknown; banks would never lend money for such a scheme. For one thing, the risks were ridiculous. For another, "success" would hurt way too many people.

Everything changed when Michael Milken revolutionized the junk bond market, allowing raiders to attempt deals that violated sound business judgment. The defeated company was compelled to pay for its own conquest.

When you take control of a business situation by forcing your way in because it isn't up to par with your company's standards, or you buyout or buy in to a company in order to take control of it, often done by the company's competition in order to either shut it down or forcibly make it an asset or ally.

V. When you tie up your partner and proceed to have anal sex with them using a condom. Keeping the cum inside the condom it is then removed, sealed with a knot, then tied around your partners head between the upper and lower jaw after which you vacate the premises. Only after they get a "Taste of Freedom" can they effectively yell for help. Most preferably done in a hotel room with a one night stand or hooker. Place partner in front of television for moral support. See also; Taste of Freedom.

As a noun/ I picked up a hooker on the hill in Mex. last night. I didn't want to pay her so I performed a Hostile Takeover.

V. When you tie up your partner and proceed to have anal sex with them using a condom. Keeping the cum inside the condom it is then removed, sealed with a knot, then tied around your partners head between the upper and lower jaw after which you vacate the premises. Only after they get a "Taste of Freedom" can they effectively yell for help. Most preferably done in a hotel room with a one night stand or hooker. Place partner in front of television for moral support. See also; Taste of Freedom.

As a noun/ I picked up a hooker on the hill in Mex. last night. I didn't want to pay her so I performed a Hostile Takeover.